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With $93M injection, New Mexico boosts its support for TBED

Thursday, May 29, 2025

The list of technology-based economic development initiatives within the newly created Technology and Innovation Office of the New Mexico Economic Development Department covers the spectrum of critical policy aspects required for a strong state innovation economy: increasing R&D, business incubation, targeted emerging technologies and strong existing assets, startup capital, venture development, and innovation talent development and recruitment.

Innovation Advocacy Council convening for update on DC budget activities affecting TBED

Thursday, May 29, 2025

On June 3, SSTI will host a webinar exclusively for Innovation Advocacy Council members to receive an in-depth update on many of the confusing factors in play in the federal policy and budget environments—the key factors influencing the future of your state, regional and university TBED strategies. IAC partners at Van Scoyoc & Associates will be on hand to provide the latest news from the Hill and answer questions to help make sense of any new developments.

Improving public-private innovation finance: SSTI launches a new community of practice

Thursday, May 29, 2025

Tuesday, July 1 | 3:00 p.m. EST

Whether your region is just beginning to address market failures in risk capital availability and performance for innovation-centered companies or your current efforts could use a refreshing check-in among peers, please plan to join us for the kick-off of our Innovation Finance Community of Practice Series. 

Proposed biomanufacturing center may create competition among states

Thursday, January 8, 2026
The proposed Biomanufacturing Excellence Act of 2025 would establish a single National Biopharmaceutical Manufacturing Center of Excellence within the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST). H.R. 6089 was introduced by Rep. Chrissy Houlahan (D-PA) with bipartisan cosponsors and paired with a Senate companion bill (S. 3188) led by Senators Chris Coons (D-DE) and Ted Budd (R-NC). It authorizes $120 million in FY 2026 for NIST to conduct a competitive process to select one non-federal entity to build and operate the center. Eligible applicants include public-private partnerships, institutions of higher education, and multi-institution consortia. Because only a single awardee will be chosen, the proposed legislation likely sets up what is likely to be a stiff competition among many states which have made life sciences and manufacturing key elements of their innovation strategies.

Times Higher Education finds interdisciplinary research drives university innovation

Thursday, January 8, 2026

Serious birdwatchers know one finds the most variety in species where habitats collide, on the edges of domains. This also holds true for innovation, discovery, and scientific disciplines. Recent research shows that institutions that support interdisciplinary teams with strategic investments, institutional alignment, and collaborative ecosystems are more likely to create innovations that lead to patents, products, and companies. 

Serious birdwatchers know one finds the most variety in species where habitats collide, on the edges of domains. This also holds true for innovation, discovery, and scientific disciplines. Recent research shows that institutions that support interdisciplinary teams with strategic investments, institutional alignment, and collaborative ecosystems are more likely to create innovations that lead to patents, products, and companies.

Useful Stats: Higher education R&D expenditures reach $117 billion in FY 2024

Thursday, January 8, 2026

Higher Education R&D expenditures jumped 8%, or nearly $9 billion, from fiscal year (FY) 2023 to 2024, reaching an all-time high of over $117 billion, reveals new Higher Education R&D (HERD) survey data. The funding sources of HERD expenditures remain proportionally unchanged from the prior year, with all sources increasing, and the federal government ($5 billion) and institution funds ($2.5 billion) accounting for the largest dollar increases.

Adjusted for inflation, overall HERD expenditures increased by 5%—the second largest year-over-year increase in the past decade—while all sources of funds except business increased.